From The Rumor Bag: Shinsei, Aozora Merging

Japanese rumor of the day - most Shinsei executives received their marching orders today with only few receiving option to stay. At least one trading head who was among the latter, decided to exit and get deferred bonus money ahead of likely upcoming merger with Aozora which would likely reprice exit equity much lower. Probably not good news for Aozora main stakeholder Cerberus.